TomTom Reports Second Quarter Results 2007

Jul 23 2007

TomTom Reports Second Quarter Results 2007

Strong revenue and profitablity

Second quarter 2007 financial
highlights• Revenue of €380 million,
up 29% sequentially and up 37% year on year
• Portable navigation device (PND) volume of 1.8 million,
up 36% sequentially and up 118% year on year
• Gross margin of 45%, up 5 points sequentially and up 2
points year on year
• Operating margin of 25%, up 6 points sequentially and
up 2 points year on year
• Net profit of €68 million, up 56% sequentially and
up 81% year on year
• Fully diluted EPS of €0.58, up 56% sequentially
and up 81% year on year
• Net cash flow from operating activities of €72
million

Second quarter 2007 operational
highlights
• New TomTom GO range launched
• MapShare™ proprietary map improvement technology
announced
• Joint development announced with Vodafone UK to deliver
unique new advanced travel time information
system in the UK

Outlook 2007
• European and North American markets for PNDs together
expected to grow to around 21 million units in 2007
• Revenue expectation for 2007 of between €1.6
billion to €1.8 billion maintained
• PND unit forecast for 2007 increased to between 8 and 9
million
• Gross margin of at least 40% of revenue and operating
margin of at least 20% of revenue now expected
for the full year

Tele Atlas N.V. acquisition
• Today we announce that TomTom N.V. intends to make a
cash offer of € 21.25 per ordinary share for Tele Atlas
N.V. We refer to a joint press release for detailed
information.